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Mark Carney Wins Federal Liberal Leadership

Photo Credit: Mark Carney Facebook page

He won the Liberal leadership race with 85.9 percent of the vote.

OTTAWA - The federal Liberal Party has elected Mark Carney to be Justin Trudeau's successor.

The Former Bank of Canada governor won the Liberal leadership yesterday after securing a first ballot victory with 85.9 percent of the vote. Former Finance Minister Chrystia Freeland came in a distant second place and she was followed by Burlington MP Karina Gould in third and former Pierrefonds-Dollard MP Frank Baylis in fourth.

The win puts Carney on track to become the next Prime Minister of Canada, but its unclear when his swearing in would take place. This also clears the path for a federal election to be called.

During his victory speech in Ottawa last night, Carney announced plans to immediately eliminate the consumer carbon tax and stop a capital-gains tax hike.

Premier Doug Ford is congratulating Carney for his win. In an official statement, Ford said Carney's win comes at a critical time with the ongoing threat of tariffs from the United States. He also said he's forward to the swift elimination of the federal carbon tax, and he thanked Justin Trudeau for his leadership.

Trudeau delivered a farewell speech last night, before Carney was announced as his successor. He said freedom, democracy and Canada "are not a given" and Canadians need to fight to maintain these things, using courage, sacrifice, hope, and hard work.

Trudeau served as Prime Minister for 10 years.

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